American Green Enters Managed Services Sector for Medical Marijuana
September 24 2014 - 08:00AM
eTeligis
TEMPE, AZ(Eteligis Inc.)
TEMPE, AZ, United States, via ETELIGIS INC., 09/24/2014 - -
American Green (OTC: ERBB) announced today that it has signed a
Managed Services agreement with Herbal Elements Dispensary and
Cultivation located in Eagle County Colorado opening up another
sales channel and further bolstering its seed to sale business
model.American Green has created revenue driven model through which
it will provide administrative, compliance, business, and
cultivation direction to state licensed cannabis facilities. Under
this agreement, American Green will assist Herbal Elements in the
build-out and expansion of its cultivation operations -- adding
expertise and in-house products such as Jurassic Water Systems, OG
Tea nutrients and Truth full-spectrum lighting. Herbal Elements is
already a pioneer in the legal medical cannabis business in Eagle
County, Colorado. With access to American Green's network and
products, including contacts with CBD-rich proprietary strains of
cannabis, the companies are embarking on a long-range plan to
incorporate vertical integration with quality control to the
medical cannabis sector. American Green will continue to
collaborate with legal cannabis businesses to provide them and
their patients and/or clients with the means to gain access or
obtain verifiable, high quality products.
After assembling premier cultivation assets, including a vast
knowledge base, through acquisition American Green has set its
sights on a business strategy that goes well beyond simple
consulting or sales. Instead, by utilizing a steadily increasing
database of partners and contacts, it will supply legal cannabis
businesses with all the necessary tools for adding revenues to
their bottom lines, while relieving them of compliance,
administrative and strategic burdens.American Green will continue
to develop industry specific administrative and legal knowledge
while fostering maximum yields of the highest quality products for
its strategic partners and client businesses.
"Managing and maintaining our operation has provided a
successful ongoing business, but without material infusion and
additional knowledge, expansion at a greater rate than normal
growth is not possible," says Greg Honan, owner of Herbal Elements.
"We already use OG Tea and are very pleased with the results.
Adding cutting edge technologies, proprietary knowledge, and access
to unique strains of cannabis are what is necessary to get ahead
and maintain a lead in an ever more competitive market."
"Working with Greg allowed ZaZZZ to get legs and through that
we've established a flourishing relationship. Sharpening the point
on the model that will be a significant part of our continued
growth was an easy decision," says Stephen Shearin, American Green
president. "Vertical integration is a tried and true model.
Employing it as part of a managed service strategy provides
multiple revenue streams through our suite of offerings. With two
additional projects in Arizona and another in Washington set to
launch, we believe this will add over $100,000 in new revenues per
month by January, with rapid ongoing growth in the coming year.
Almost every dispensary we contact for ZaZZZ has a cultivation
facility and vice versa, all of it on top of our current general
sales efforts. We project a banner year as our efforts come to
fruition," Shearin concludes.
Greater detail on the company plans will be available on
Tuesday, September 30 2014 as part of the Cannabis Investor Webcast
(www.cannawebcast.com). We invite all our current and prospective
shareholders to familiarize themselves with the site and plan to
join us for a live presentation to be held at 3PM Eastern.
Stay up to date with American Green Updates:
Twitter @American__Green (two underscores.):
https://twitter.com/American__Green
Facebook: https://www.facebook.com/americangreenusa
MORE ABOUT AMERICAN GREEN,
INC.
American Green became the first publicly-traded
medical marijuana dispensary brand in the world, back in 2009. The
Company now is keenly focused on developing, retailing, branding,
and establishing commercial cultivation solutions under its
proprietary American Green name along with our
partners who are licensed retail medical marijuana dispensaries.
American Green believes that the renewal of the
legalized cannabis industry in the United States will aid in
getting our economy back on its feet through increased employment
in all related sectors -- retail, real estate, contracting, farming
and more. Additional revenues, fueled by taxing cannabis sales, and
the decreased cost of housing prisoners who are no longer in prison
for possession of cannabis should contribute to the renewal. Hard
work and a clear vision propel American Green into
the future. The centerpiece of our company is
ZaZZZ, our unique automated vending solution
designed specifically around American Green's
licensed proprietary patent technology.
For a complete summary of all American Green products and
initiatives, please refer to our website's front page.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the
matters discussed in this press release contain forward-looking
statements that involve risks and uncertainties, including those
described in the Company's Securities and Exchange Commission
reports and filings. Certain statements contained in this release
that are not historical facts constitute forward-looking
statements, within the meaning of the Private Securities Litigation
Reform Act of 1995, and are intended to be covered by the safe
harbors created by that Act. Reliance should not be placed on
forward-looking statements because they involve unknown risks,
uncertainties and other factors, which may cause actual results,
performance or achievements to differ materially from those
expressed or implied. Forward-looking statements may be identified
by words such as estimates, anticipates, projects, plans, expects,
intends, believes, should and similar expressions and by the
context in which they are used. Such statements are based upon
current expectations of the Company and speak only as of the date
made. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date on which they are made.
CONTACT:
Companies and Contacts:
American Green
Investor Relations
Mr. Has Uyar
1221 W Warner Rd Suite 103
Tempe, AZ 85284
480-443-1600 X555
has.uyar@americangreen.com
http://www.americangreen.com
SOURCE: American Green, Inc.
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=27897
- Link to submission on http://www.eteligis.com
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